Not too much to report this month, again.
I did notice that I’m spending more on food than in previous months. I’ve been eating more meals with my girlfriend recently so that’s probably a contributing factor.
The market has continued to relentlessly go up, despite the continuing deleterious economic effects of the COVID19 pandemic. As I write this, the US market is at an all-time high, despite an unemployment rate of about 10% (more than double what it was pre-pandemic), record-breaking GDP contraction (31.7% annualized), and earnings of most companies have been severely impacted. I’ve heard theories that some of the seemingly-irrational increase can be attributed to closure of sports leagues, so sports bettors have moved to stock market speculation as a substitute. Personally, I’m not so sure about this explanation as retail investors typically have much lower volume than institutional investors. I think it’s more likely that the combination of zero interest rate policy and massive financial stimulus has lead to a market bubble. As always, I’m not altering my investment strategy in response to market moves, but it’s still interesting to watch.
Here’s my August expenses:
|Rent||$980.54||Regular rent + $50 for company sharehouse|
|Electricity||$104.30||Bill for 3 month period due to timing of my payments|
|Water||$35.96||I pay every 2 months|
|Transport||$272.58||3 month train pass for Tokyo|
|Health||$204.88||Health insurance and masks|
|Necessary||$2,154.14||More than average for the month|
|Software/Games||$99.12||1 year of password manager + moved domain names|
|Discretionary||$481.14||Less than average for the month|
|Total Expenses||$2,635.29||More than average for the month|
|Net Income||$3,166.55||About average|
|Savings||$531.26||Less than average for the month|
|Savings Rate||16.78%||Less than average for the month|
Projected time to FI (assuming 6% growth and 4% withdrawal rate): 6 years, 9 months.